IDS Approved Courses From Other Departments - Environmental Economics ECON 5517   Environmental Economics
CREDIT HOURS: 3
This course is designed as an introduction to the theory and application of environmental economics. It includes the theoretical analysis of 1) interpersonal and intertemporal decision-making criteria; 2) public goods and externalities (such as pollution) and the advantages/disadvantages of regulatory mechanisms; 3) valuation of environmental benefits or damages (e.g., compensating and equivalent variations); 4) preference revelation (e.g., surveys, hedonic pricing, and travel-cost methods); and 5) anthropocentric valuation of the environment (e.g., existence value, access value, option value and quasi-option value) and the possibility of nonanthropocentric decision making. Empirical analyses will be discussed where the above approaches have been implemented.
FORMAT: Lecture